UAE achieves milestone in combating financial crimes
“It highlights the collaborative efforts of various committees, entities, and national bodies, including the Central Bank and the National Committee...Economy
Abu Dhabi to host UNCTAD’s World Investment Forum in October
Taking place under the theme "Investing in Sustainable Development", the forum will bring together government leaders, global CEOs and other...Taking place under the theme "Investing in Sustainable Development", the forum will bring together government leaders and global CEOs
The forum will take place a few weeks ahead of the annual climate summit COP28, which will also be held in the UAE
Turkish Central Bank maintains interest rate at 9%
Inflation rates and trends have started to improve in Turkey, supported by the comprehensive policies the country is pursuing, the...Inflation rates and trends have started to improve in Turkey, supported by the comprehensive policies the country is pursuing, the bank pointed out in a statement
Erdogan could soon urge more rate cuts in view of the upcoming elections and as part of his unorthodox stance that policy easing also lowers prices
Riyadh Expo 2030 bid gathers steam in Davos
More than 50% of the countries with voting rights have pledged public support for the Saudi city’s bid, Fahd Al-Rasheed,...More than 50% of the countries with voting rights have pledged public support for the Saudi city’s bid, says Fahd Al-Rasheed, the CEO of the Royal Commission of Riyadh City
The Saudi capital city is all set to announce its specific Riyadh Strategy in the next four months, which would supercharge the city’s economy
Carbon pricing standards key to boost green energy
Public resistance to a carbon tax has prevented many nations from establishing carbon pricing via taxation, but taxation is not...In order to reach 2050 emissions reduction targets, trillions of dollars in public and private capital are needed to adopt and scale green energy technologies
Carbon trading, regulation and different pricing schemes are alternative strategies that countries have used to impose costs for emissions, believe experts
European economy to perform better than expected, says Lagarde
The rhetoric has shifted from talk of a recession in the 20-nation club to "a small contraction", she said, with...The cautious optimism comes as sky-high energy prices, which soared last year because of the war in Ukraine, have started to fall.
Lower energy costs have contributed to a drop in eurozone inflation, which peaked at 10.6 percent in October.
DEWA showcases its sustainability projects to French, Cuban delegations
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level...The meetings with the French and Cuban delegations were held at DEWA’s stand at the World Future Energy Summit in Abu Dhabi.
The MD and CEO of DEWA discussed the firm's projects in sustainability, renewable and clean energy.
MoIAT, Ras Al Khaimah Economic Zone ink pact to promote industrial growth in UAE
ABU DHABI, UAE - The UAE Ministry of Industry and Advanced Technology (MoIAT) and Ras Al Khaimah Economic Zone (RAKEZ)...MoIAT and RAKEZ will cooperate in programs and initiatives under the National Strategy for Industry and Advanced Technology, Operation 300bn,
The two entities will encourage industrial companies to join the UAE Industry 4.0 program and undergo a readiness assessment.
Masdar City, ADGM ink pact to  strengthen foreign investment in Abu Dhabi
ABU DHABI, UAE - Masdar City and the Abu Dhabi Global Market (ADGM) Thursday signed a Memorandum of Understanding (MoU)...Masdar City and ADGM will work together to attract new investors to their free zones and benefit from each other’s capabilities.
The two entities will exchange best practices and promote institutional integration.
Saudi Arabia becoming a bright spot for the world economy: IMF chief
Princess Reema bint Bandar, Saudi Arabia’s Ambassador to the United States of America, underlined the importance of the Saudi-US relationship.Princess Reema bint Bandar, Saudi Arabia’s Ambassador to the United States of America, underlined the importance of the Saudi-US relationship.
Mohammed bin Abdullah Al Jadaan, Saudi’s Minister of Finance, highlighted the economic reforms ushered in by Saudi Vision 2030, in providing a pathway for the region
WEF selects UAE’s Gender Balance Council as knowledge partner
Dubai, UAE--The World Economic Forum (WEF) has selected the UAE's Gender Balance Council (GBC) as a knowledge partner to advance...President of the UAE Gender Balance Council affirmed the council's keenness to forge influential partnerships that can help advance gender balance globally
She said that being selected as the World Economic Forum’s knowledge partner is an endorsement of the UAE’s ability to set a global example for advancing gender balance
